8.1 Learning Outcomes:
Explain what determines the level of economic development of a nation.
Recognize current trends regarding foreign direct investment (FDI) in the world economy.
Explain the different theories of FDI.
8.2 Action Required:
The purpose of this interactive activity is to demonstrate your understanding of the concepts learned lessons by responding to discussion questions.
8.3 Test your Knowledge (Question):
Discuss how free trade area differs from customs union.
Students are to answer the given question in Discussion Board.
Maximum word limit: 250 words.